Bells Jani

The Pi Network price charts are showing signs of brewing tension, with the price moving in a tight range and trading volumes steadily dropping. All eyes are now on a crucial support level around $0.60. The big question — will Pi manage to hold this line, or are we about to see a sharper correction if it slips below this mark?
Current Status of Pi Coin
Launched in 2019, Pi Coin is a blockchain-based cryptocurrency that allows mining via smartphones, making it widely accessible. After years of anticipation, it was finally listed on exchanges in February 2025. Although initial expectations suggested a listing price of $50, the coin launched at around $3, only to fall to nearly $0.60 — a sharp 78% drop from its peak.
Despite this, Pi Coin still commands attention due to its unique mobile-first mining model and a massive user base of over 35 million.
Pi has been struggling to break past resistance levels near $0.79, while buyers are showing signs of hesitation at lower levels. Key indicators like the RSI, MACD, and Stochastic RSI reflect weakening momentum, with most metrics leaning bearish. Additionally, a descending wedge pattern has formed since mid-May, yet the price remains trapped inside it.
Pi Network Price Prediction For Year End
According to CoinDCX, Pi Network is expected to start November 2025 on a bullish note, reclaiming the $2.00 mark and potentially rising to around $2.38 to $2.40 by month’s end. In December, the bullish momentum may strengthen, pushing the price to $2.75 to $2.80.
Challenges Facing Pi Coin
Mainnet Still Pending: Despite its listing, Pi Network’s full mainnet has not been launched. This raises doubts about its real-world capabilities and long-term viability.
Limited Exchange Listings: Pi Coin is available on very few exchanges, restricting access and limiting trading volume.
Regulatory Uncertainty: Like many cryptocurrencies, Pi Coin faces regulatory hurdles, adding to investor caution.
Overhyped Comparisons to Bitcoin: Although some claim Pi Coin could reach $1,000 or more, such projections seem far-fetched. At that price, its market cap would exceed $6 trillion — compared to its current estimated valuation of just $500 million.

The post IMF Reveals Huge Flaws in Pakistan’s Bitcoin Mining Plan Amid Power Crisis  appeared first on Coinpedia Fintech News
Pakistan wants to mine Bitcoin with 2,000 megawatts of power it barely has. The announcement, part of a broader strategy to attract crypto and AI firms, has triggered an immediate backlash from the International Monetary Fund (IMF) and for good reason.
As the country wrestles with severe energy shortages and ongoing bailout talks, the IMF is demanding urgent answers. According to Samaa, officials are now facing “stiff questions” about how legal – or even logical – this mining push really is.
“There is a fear of further tough talks from the IMF on this initiative,” said one government official involved in the negotiations.
Here’s what you should know.
Pakistan’s Crypto Play Falls Flat
The plan, unveiled alongside the debut of Pakistan’s first Bitcoin reserve at the Bitcoin Vegas 2025 conference, was meant to signal a pivot toward digital finance. But the optics don’t match the infrastructure.
Pakistan’s power grid is notoriously unreliable, with high transmission losses and blackouts still common. Meanwhile, industrial electricity rates hover around $0.22 per kWh – nearly 10x what miners pay in Texas.
At that rate, mining one Bitcoin in Pakistan would cost a staggering $132,000, compared to the global average of around $40,000-$50,000.
Even with a proposed subsidized tariff of $0.09/kWh, “the model falls apart,” warns local engineer Sana Zakir. “These subsidies may not be sustainable. Pakistan’s agreements with the IMF explicitly discourage blanket energy subsidies.”
A Big Bitcoin Bluff!
To make matters worse, the IMF claims it wasn’t even consulted about the plan. The Fund has flagged legal ambiguities surrounding crypto in Pakistan, raising red flags over the PDAA – the newly formed Pakistan Digital Asset Authority set to oversee exchanges, DeFi platforms, and tokenization efforts.
This is a fundamental red flag.
All the Right Ideas, All the Wrong Execution
Pakistan does have potential. At least one can argue that it does. Cheap labor, untapped solar and hydro resources, and regional demand could have positioned it well – if the groundwork were there.
But right now, it’s not.
This was not a strategic move. It was a chaotic attempt to ride a wave without learning how to swim in the kiddy pool. Unless Pakistan overhauls its infrastructure, energy pricing, and regulatory clarity, it risks turning a high-profile initiative into a self-inflicted crisis. It surely wouldn’t be the first time. 
#BTC #IMF #AI